News

Slow recovery ahead for Singapore's retail sales: analyst

Shoppers may still have limited shopping venues to visit after the circuit breaker.

Slow recovery ahead for Singapore's retail sales: analyst

Shoppers may still have limited shopping venues to visit after the circuit breaker.

Over 15,000 Hong Kong shops may close without rent relief

Most are only willing to cut rents by 10% to 20% instead of the requested 50% by retailers.

Deliveroo posts 104% jump in vegan orders in 2020 YTD

An increase in the number of vegan restaurant partners has also been seen.

DFS Group exits Changi Airport's liquor concession

South Korea-based Lotte Duty Free will take over the concession.

Luckin Coffee sacks CEO and COO after sales fraud

The sales amount associated with the fraud hit $310m.

Deliveroo rolls out tipping function

This will match the first 10,000 customer tips until 1 June.

Locals to dominate China's consumer spending

Luxury and cosmetics segments are tipped to benefit the most.

7-Eleven to open first Cambodia store in 2021

It signed a master franchisee agreement with CP ALL, which operates 7-Eleven in Thailand.

Japanese apparel chains' sales tipped to fall 50-60% in April

Ecommerce channels are not enough to buoy sales.

Japan's top apparel chain sales tipped to fall 50-60% in April

Ecommerce channels are not enough to buoy sales.

Check out Asia's top homeware retailers in 2020

The award’s global honorees come from Australia, Japan and Thailand.

Hong Kong's retail sales crashed 42% to $2.97b in March

Jewellry, watches and clocks and valuable gifts saw the sharpest decline.

Singapore retail sales down 13.3% to $3.3b in March

Declines in retail industries selling discretionary items have widened.

Hong Kong's household spend to contract 5.2% in 2020

Some food service chains have reduced operating hours.

Great Singapore Sale 2020 cancelled amidst pandemic

It was originally planned to be held from 29 May to 28 June.

Esprit Holdings shuts all Asian stores outside China

The 56 stores contributed to less than 4% of its 9M FY2020 revenue.

Hong Kong stamps over $1.5b in subsidies for retailers

Around 19,000 applications were accepted in the subsidy scheme.